Artificial Intelligence

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US Energy Chief Exhorts Data Center Backers to Push Back Against Opponents

(Reuters) – U.S. Energy Secretary Chris Wright on Tuesday urged supporters of data centers at an Amazon Web Services conference to push back against critics, saying concerns about the facilities are “overblown.” Wright listed concerns that opponents have raised about the boom in the facilities including water and power use and that the artificial intelligence …

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AI Will Drive a Strong US Earnings Season, Goldman’s Snider Says

By Levin Stamm US companies are set for another strong earnings season, driven by the AI investment boom and windfall profits for energy companies, according to Goldman Sachs Group Inc. strategists. Analysts expect S&P 500 earnings to surge 22% in the second quarter, a hurdle that companies should be able to clear, the team led …

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COMMENTARY: Data Centers Aren’t the Real US Power Problem. Outdated Policy is – Douglas J. Arent

(Reuters) – Data centers are being blamed for America’s rising electric bills. But the real issue is not that AI — and consumers in general — are boosting energy usage. The real problem is structural, and it began long before the latest infrastructure boom. Average residential electricity rates rose 6% last year — more than …

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EYEING MORE: Chevron Eyes More Deals to Power US Data Centers

(Reuters) – Chevron is exploring additional data center deals across the U.S., including the Midwest, Rockies, and Gulf Coast, following its two-decade-long contract to power a Microsoft data center in West Texas, a company executive told Reuters. Oil and gas companies such as Chevron and Exxon Mobil are angling to profit from the record-high electricity …

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Chevron Eyes More Deals to Power US Data Centers

(Reuters) – Chevron is exploring additional data center deals across the U.S., including the Midwest, Rockies, and Gulf Coast, following its two-decade-long contract to power a Microsoft data center in West Texas, a company executive told Reuters. Oil and gas companies such as Chevron and Exxon Mobil are angling to profit from the record-high electricity …

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US Regulator Makes ‘Interventionist’ Pivot to Speed Data Centers

Takeaways by Bloomberg AI FERC approved orders to pressure grids to handle hyperscalers’ connection requests within 90 days, and is requiring data centers to pay for their own power and be flexible with electricity consumption. Utilities must now disclose the cost of adding major new consumers to the grid, and grids covering almost two thirds …

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Iran War Adds to AI Boom as Demand for Gas Turbines Rises Further, Siemens Energy Says

(Reuters) – The Iran war has become an additional driver of demand for gas turbines, Siemens Energy executives said on Thursday, at a time when manufacturers are already flooded with orders due to the massive data centre expansion in the United States. Along with rivals GE Vernova and Mitsubishi Heavy Industries, Siemens Energy has seen …

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Americans Wary of AI-Driven Data Center Boom, Reuters/Ipsos Poll Shows

(Reuters) – Just one-in-three Americans approve of the fast pace of data-center construction that supports artificial intelligence and most would oppose building one in their own community, according to a new Reuters/Ipsos poll. The poll results reflect widespread public unease over the data center boom in the United States, an issue high on the minds …

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AI Power Boom Revives Natural Gas as Infrastructure Bet

By Paula Sambo, Liana Baker, and Mathieu Dion A surge in electricity demand from artificial intelligence and data centers is reshaping North America’s power markets, creating a “renaissance” for natural gas after decades of limited new development, according to KKR & Co. partner Brandon Freiman. The power sector has moved from years of flat demand …

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NIMBY Pushback to Data Centers a Boon for Bloom Energy, CEO Says

By Will Wade and Brody Ford Mounting local opposition to data center construction presents an opening for Bloom Energy Corp., according to its chief executive officer, who pitches its fuel cells as cleaner and quieter than conventional power-generating systems. “Rationally, our deployment should not be a community issue,” Chief Executive Officer KR Sridhar said in …

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